“The stock of renewable and nonrenewable natural resources (e.g., plants, animals, air, water, soils, minerals) that combine to yield a flow of benefits to people”
Source/reference: Natural Capital Coalition 2016, p. 12.
Note: TNFD (2023, p. 129) has the same definition. Note that although the term ‘environmental asset’ has a different definition in the SEEA framework, it is effectively the same as natural capital. Other functionally equivalent terms include ‘natural capital assets’ or ‘natural assets’.
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